United States:
The Directors' Role Amid Debates Over Corporate Purpose, Stakeholders And ESG
21 April 2023
Mayer Brown
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The age-old debate over the purpose of for-profit corporations
has reignited, with two rival theories on offer: shareholder
primacy and stakeholder parity. The first posits that the primary
purpose of corporations is to maximize shareholder value, while the
second urges the equal interests of all other constituents,
especially employees, customers, and communities.
See the complete text on Harvard Law School's
Forum on Corporate Governance.
Also see the Across The Board piece, The Directors' Role Amid Debates over
Corporate Purpose, Stakeholders and ESG.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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